Grand Island
Nebraska · Ranked #37 of 373 metros
91Affordable
💡
Housing in Grand Island costs 2.87× the median income, below the national average of 4.5×. The median home price is $203K and median rent is $947/month. Grand Island ranks #37 of 373 metros for affordability.
Median Home Price
🏠$203K
Need $60K income
Median Rent
🔑$947
Need $38K income
Building Permits
🔨307
annual
Median Income
💰$71K
Pop: 77,453
Rent Burden
⚠️10.7%
of renters paying >30%
Homeownership
🏡68.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Grand Island | National |
|---|---|---|
| Price-to-Income Ratio | 2.87x | 6.1x |
| Rent Burden | 10.7% | 31.5% |
| Homeownership Rate | 68.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +61%Since 2000: +195.7%
Zillow Market Data
Home Value (ZHVI)
$250K
1yr: +2.5%5yr: +36.4%
Rent (ZORI)
$1,252/mo
1yr: +1.9%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$279K
Active Inventory
160
Days on Market
77
Sold Above List
36.1%
Price Drops
18.8%